Quantinno Capital Management LP Buys 24,145 Shares of Blackbaud, Inc. $BLKB

Key Points

• Quantinno Capital Management increased its Blackbaud position by 158.3% in the first quarter, purchasing 24,145 additional shares and ending with a 39,399-share stake worth approximately $1.52 million. Institutional investors collectively own 94.21% of BLKB.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $48.50. Recent targets range from $30 to $55.
• Blackbaud reported quarterly EPS of $1.33, exceeding estimates of $1.23, while revenue rose 3.3% year over year to $290.6 million. Company insiders have recently sold shares, including an executive vice president’s $1.0 million sale.

Quantinno Capital Management LP increased its position in shares of Blackbaud, Inc. (NASDAQ:BLKB - Free Report) by 158.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,399 shares of the technology company's stock after buying an additional 24,145 shares during the quarter. Quantinno Capital Management LP owned about 0.09% of Blackbaud worth $1,521,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BLKB. Glenmede Investment Management LP raised its holdings in Blackbaud by 2.1% during the third quarter. Glenmede Investment Management LP now owns 10,492 shares of the technology company's stock worth $675,000 after buying an additional 215 shares during the last quarter. AXQ Capital LP grew its holdings in shares of Blackbaud by 3.0% during the fourth quarter. AXQ Capital LP now owns 8,307 shares of the technology company's stock valued at $526,000 after buying an additional 243 shares during the last quarter. Comerica Bank grew its holdings in shares of Blackbaud by 1.0% during the fourth quarter. Comerica Bank now owns 24,847 shares of the technology company's stock valued at $1,573,000 after buying an additional 255 shares during the last quarter. Blue Trust Inc. increased its position in shares of Blackbaud by 44.3% during the first quarter. Blue Trust Inc. now owns 867 shares of the technology company's stock worth $33,000 after acquiring an additional 266 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of Blackbaud by 4.4% in the 4th quarter. Inspire Investing LLC now owns 7,382 shares of the technology company's stock worth $467,000 after acquiring an additional 310 shares during the last quarter. Institutional investors own 94.21% of the company's stock.

Wall Street Analyst Weigh In

BLKB has been the topic of a number of recent research reports. Robert W. Baird set a $54.00 target price on Blackbaud in a report on Thursday, July 30th. Stifel Nicolaus lowered their price target on Blackbaud from $45.00 to $30.00 and set a "hold" rating for the company in a research report on Friday, July 10th. Weiss Ratings raised shares of Blackbaud from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 6th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $55.00 target price on shares of Blackbaud in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $48.50.

Insider Activity at Blackbaud

In related news, EVP Kevin P. Gregoire sold 22,000 shares of Blackbaud stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $45.50, for a total value of $1,001,000.00. Following the transaction, the executive vice president owned 113,194 shares in the company, valued at $5,150,327. This trade represents a 16.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Chad Anderson sold 6,205 shares of Blackbaud stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $31.31, for a total value of $194,278.55. Following the completion of the transaction, the chief financial officer owned 62,869 shares in the company, valued at approximately $1,968,428.39. This represents a 8.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.01% of the company's stock.

Blackbaud Trading Down 1.7%

NASDAQ:BLKB opened at $44.67 on Thursday. The company has a market cap of $2.03 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.56 and a beta of 0.97. The stock's fifty day moving average price is $32.84 and its two-hundred day moving average price is $38.32. Blackbaud, Inc. has a 1 year low of $25.58 and a 1 year high of $70.71. The company has a debt-to-equity ratio of 16.82, a current ratio of 0.83 and a quick ratio of 0.83.

Blackbaud (NASDAQ:BLKB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.10. The company had revenue of $290.60 million during the quarter, compared to analyst estimates of $292.23 million. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $1.21 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, analysts expect that Blackbaud, Inc. will post 3.71 EPS for the current year.

Blackbaud Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company's main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser's Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.

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